Haddington updates S. Kalimantan coal project
Friday, December 21 2007 - 03:06 AM WIB
The Tabalong Coal Project in South Kalimantan, Indonesia, was added to Haddington?s existing portfolio of exploration tenements through its recent acquisition of Minvest International Corporation.
The Tabalong Coal Project comprises two KPs (63 km2) located in the coal bearing areas of the Tanjung Formation in the province of South Kalimantan. Mapping and sampling has located in excess of 40 coal outcrops within two interpreted coal horizons, with 8 separate seam intervals identified. Previous coal quality data indicates marketable thermal coal with low moisture and ash content.
An open hole drill program (500m line spacing) to identify potential coal resources was commenced on the southern KP (PT SCC) in mid November by Haddington subsidiary Asiadrill. The program comprises 107 holes totaling approximately 5350m of drilling.
At Tabalong, multiple coal seams have been mapped along an 11 kilometre strike length on the leases, with 8 separate seam intervals identified ranging from 0.5 metre to almost 2.0 metres thick across a 2 kilometre wide outcrop zone.
To date, 30 drill holes for 1516 m have been completed, with concurrent geophysical logging to correlate seam intervals, representing approximately 3 kilometres along strike. Weather and access restrictions in the area have been causing delays to the implementation of the program.
The drilling has intersected three coal intervals greater than 1m (max 1 .42m) with another 24 drill intervals greater than 0.5m thick. Coal seams are displaying dips varying up to 40?.
Preliminary interpretation of the drilling has the identified seams consistent in location and depth. Assessment of geophysical data is in progress to confirm seam correlation along strike.
In conjunction with this drill program, mapping of the northern KP is underway ahead of drilling that will follow the current program. (end of excerpt)